24 Aug 2020 16:00
24 August 2020
Phoenix Global Resources Plc
("Phoenix" or the "Company")
Transfer of Treasury Shares
Phoenix Global Resources plc (AIM: PGR; BCBA: PGR), the upstream oil and gas company offering its investors direct exposure to Argentina's Vaca Muerta shale formation and other unconventional resources, announces that today it transferred from treasury 1,350,570 ordinary shares of 10 pence each ("Shares") to the Phoenix Global Resources Employee Benefit Trust and 196,580 Shares directly to certain participants in the Company's deferred bonus plan ("DBP") to satisfy the vesting of DBP awards.
Total Voting Rights
As the result of the above, there are now 73,922 Shares held as treasury shares. The Company further advises that, at the date of this announcement the Company's issued share capital comprises 2,786,570,787 Shares (excluding the 73,922 Shares held as treasury shares). Therefore, the Company's total number of Shares with voting rights is 2,786,570,787. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Ends
For further information, please contact:
Phoenix Global Resources plc | Nigel Duxbury
| T: +44 20 3912 2800
|
Shore Capital Joint broker and nominated adviser
| Antonio Bossi David Coaten | T: +44 20 7408 4090 |
Panmure Gordon Joint broker |
Daniel Norman Atholl Tweedie |
T: +44 20 7886 2500 |
About Phoenix
Phoenix Global Resources is an independent oil and gas exploration and production company focused on Argentina and listed on both the London Stock Exchange (AIM: PGR) and the Buenos Aires Stock Exchange (BCBA: PGR). The Company has over 0.9 million licenced working interest acres in Argentina (of which approximately 0.7 million are operated), 29.8 million boe of working interest 2P reserves and average working interest production of 9,236 boepd in 2019. Phoenix has significant exposure to the unconventional opportunity in Argentina through its approximately 0.6 million working interest acres with Vaca Muerta and other unconventional potential.
The Company's website is www.phoenixglobalresources.com